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  1. Manual Journals - Journal in foreign currency and see FX rate on journal

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    79 comments  ·  For small businesses » Accounting features  ·  Admin →
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    submitted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, first off thank you for contributing and detailing why posting manual journals in a foreign currency is of interest to you all.

    We appreciate our customers would like to see more capability in accounting for and dealing in foreign currencies across Xero.

    In it's current form Manual Journals are a part of Xero that require some upgrade to uplift technology in order to provide capability for ideas like this to be considered. We have intentions of bringing attention to this over the coming year, however getting this done first is necessary before we can even think about adding newer functionality like journaling in another currency to the mix.

    To set the expectation here, there is no work planned over 2023 for this feature. We know it's of high interest and when we're in a place to reassess we will share with you here.

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    Emily Perretti commented  · 

    It's mind blowing this feature still isn't available yet.

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    Emily Perretti commented  · 

    I genuinely cannot understand how this is not priority. We are having to switch to a different provider because a basic function is not being provided.

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    Emily Perretti commented  · 

    @Christian that doesn't actually solve the problem we are having. Our issue is that if you have a euro invoice then you pay it in euros the next day, it creates an FX difference because it forces it to convert into GBP (or whatever your default currency is).

    Emily Perretti supported this idea  · 
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    Emily Perretti commented  · 

    I agree. Not being able to manual journal in a foreign currency is tough for us.